IOTA (MIOTA)

IOTA is an open-source distributed ledger protocol launched in 2015 that goes ‘beyond blockchain’ through its core invention of the blockless ‘Tangle’. The IOTA Tangle is a quantum-resistant Directed Acyclic Graph (DAG), whose digital currency ‘iota’ has a fixed money supply with zero inflationary cost.

IOTA uniquely offers zero-fee transactions & no fixed limit on how many transactions can be confirmed per second. Scaling limitations have been removed, since throughput grows in conjunction with activity; the more activity, the more transactions can be processed & the faster the network. Further, unlike blockchain architecture, IOTA has no separation between users and validators (miners / stakers); rather, validation is an intrinsic property of using the ledger, thus avoiding centralization.

IOTA is focused on being useful for the emerging machine-to-machine (m2m) economy of the Internet-of-Things (IoT), data integrity, micro-/nano- payments, and other applications where a scalable decentralized system is warranted.

Sirin Labs Wants to Build the World’s First Blockchain Smartphone
September 26th, 2017

Forget about the new iPhone X, Sirin Labs intends to create the first blockchain smartphone.

MIT Researchers Found Critical Cryptographic Vulnerabilities in IOTA
September 8th, 2017

According to a report by a group of researchers from the Massachusetts Institute of Technology (MIT) and Boston University (BU), IOTA, the cryptocurrency supporting Internet of Things (IoT) transactions, had “serious weaknesses.”